EURUSD - HEADING NORTH ON RECOVERYTeam, last 2-3 days, we have been successfully doing well on the EURUSD, long position
Yesterday was a roller-coaster day; we got 3 times rewards. all target hit
Today, we are entry-long at
Time to go long Eurusd at 1.04700-30 - STOP LOSS at 104385
Target 1 - 1.04800-30
Target 2 - 1.04950-65
Target 3 - 1.05115-45
Once it hits the first target, take some partial and bring stop loss to BE
Note: There will be a sideways effect for EURUSD before it goes up! Three times it has been fast up and down. When I enter the office, I will draw a chart of what we expect from them.
Eurusdprediction
#EURUSD 1HEURUSD 1-Hour Analysis
The EURUSD pair is trading within a downtrend channel on the 1-hour chart and is approaching a key support area near the lower boundary of the channel. This support zone presents a potential buy opportunity as it may act as a reversal point for a short-term bullish move.
Technical Outlook:
Pattern: Downtrend Channel and Support
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Consider entering a buy position near the channel's support line, confirming with bullish price action signals such as a bullish engulfing candlestick or a bounce from the support level.
Traders should ensure proper risk management by placing stop-loss orders below the support level to account for potential breakdowns. Profit targets can be set at the midline or upper boundary of the channel for optimal returns.
EUR/USD Short Trade Analysis and Updated StrategyHello traders! Here is the update of my short trade on the EUR/USD pair on the 15-minute time frame. I explain the key details, adjusted levels and analysis behind this setup.
Trade Details:
Entry: 1.0500
Stop-loss: 1.05223 (placed above the nearest resistance).
Take profit: 1.0480 (targeting the closest support level).
The price remains below key moving averages, confirming bearish momentum.
Clear rejection near resistance levels indicates strong selling pressure.
Support Level in Focus:
1.0480 serves as a significant support zone. This is my primary profit target, as it may act as a potential bounce area.
The RSI shows neutral levels, suggesting the price still has room to move downward before reaching oversold territory.
Stop-loss is set at 1.05223, just above the recent resistance, to account for potential volatility.
Take profit is placed at 1.0480, with the possibility of extending it to 1.0455 if the support is decisively broken.
Actively monitoring the 15-minute chart to track price behavior and make real-time adjustments if necessary.
If the price breaks below 1.0480, I may shift the take profit to the next key support at 1.0455 to capture additional downside potential.
This trade setup offers a 1:2 risk-reward ratio, making it a favorable opportunity while adhering to proper risk management practices.
Disclaimer:
This content is for educational and informational purposes only. It is not financial advice. Trading carries a high level of risk and may not be suitable for all investors. Always conduct your own analysis and use a risk management strategy before entering any trade.
EURUSD H1 12/12/2024 - Bearish Momentum and key supports testedMulti-Timeframe Analysis
D1 (Daily Chart)
Trend: Strong bearish trend with price below the 200 SMA and inside the Ichimoku cloud. The overall bias remains bearish.
Indicators:
RSI: At 40, close to oversold territory but still with room for downside continuation.
Stochastic: Near the mid-level (54), indicating a neutral stance with potential for further downside.
MACD: Below the signal line, signaling bearish momentum.
Key Levels:
Support: 1.0480, 1.0450.
Resistance: 1.0510, 1.0540.
H4 (4-Hour Chart)
Trend: Bearish consolidation, with price below the 200 SMA and hugging the lower Bollinger Band.
Indicators:
RSI: At 42, showing weak momentum but not yet oversold.
Stochastic: 28, nearing oversold levels.
MACD: Below the signal line with bearish momentum but showing a flattening histogram, suggesting potential consolidation.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0515, 1.0540.
H1 (Hourly Chart)
Trend: Downtrend remains intact with price trading below all major moving averages and below the Ichimoku cloud.
Indicators:
RSI: At 45, confirming weak bearish momentum.
Stochastic: 23, indicating oversold conditions and possible pullback.
MACD: Slightly bearish, with price momentum losing steam.
ATR (14): At 10 pips, reflecting moderate volatility.
Key Levels:
Support: 1.0485, 1.0460.
Resistance: 1.0510, 1.0535.
M30 (30-Minute Chart)
Trend: Bearish but consolidating at key support levels near 1.0490.
Indicators:
RSI: At 43, close to oversold.
Stochastic: 20, signaling a possible short-term pullback.
MACD: Flat, reflecting indecision.
Correlated Financial Instruments
DXY (US Dollar Index):
Continues to rise above 106.50, confirming USD strength and adding downward pressure on EUR/USD.
Gold (XAU/USD):
Declining due to USD strength, supporting a bearish bias for EUR/USD.
Trade Plan for EUR/USD (H1)
Trade Setup 1: Bearish Continuation After Pullback
Rationale: EUR/USD remains in a downtrend, and any retracement to key resistance levels provides a selling opportunity.
Trade Details:
Entry Price: 1.0510–1.0515 (on a retracement).
Stop-Loss: 1.0535 (above recent resistance).
Take-Profit Levels:
TP1: 1.0485.
TP2: 1.0460.
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Aggressive Breakout Short
Rationale: A break below 1.0485 confirms bearish continuation toward lower support levels.
Trade Details:
Entry Price: 1.0480 (on breakout).
Stop-Loss: 1.0505 (above the breakout level).
Take-Profit Levels:
TP1: 1.0460.
TP2: 1.0435.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Short-Term Scalping (Intraday Pullback to Resistance)
Rationale: A minor retracement to intraday resistance levels could offer a short-term short trade with reduced risk.
Trade Details:
Entry Price: 1.0505.
Stop-Loss: 1.0520.
Take-Profit Levels:
TP1: 1.0490.
TP2: 1.0480.
Risk/Reward Ratio: ~1:1.5.
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD H1 11/12/2024 - SELL below 1.0525/1.0530 , Reversal 1.054Multi-Timeframe Analysis
D1 (Daily Chart)
Trend: Strong bearish bias, with price below the 200 SMA and Ichimoku cloud.
Indicators: RSI at 40 and MACD signaling downside momentum.
Support/Resistance:
Support: 1.0490 and 1.0450.
Resistance: 1.0540 and 1.0570.
H4 (4-Hour Chart)
Trend: Downtrend continues, with price consolidating near the lower Bollinger Band.
Indicators:
Stochastic is in the oversold zone (17.87), indicating potential short-term pullback.
MACD suggests bearish momentum but losing strength.
Support/Resistance:
Support: 1.0495 and 1.0450.
Resistance: 1.0530 and 1.0550.
H1 (Hourly Chart)
Trend: Price is below all major moving averages and Ichimoku cloud, confirming bearish structure.
Indicators:
RSI at 40, indicating continued bearish bias but with room for a pullback.
Stochastic is oversold (23.76) and turning up, suggesting a potential retracement.
ATR (14) at 10 pips, reflecting moderate volatility.
Key Levels:
Support: 1.0495, followed by 1.0450.
Resistance: 1.0530 and 1.0545.
M30 (30-Minute Chart)
Trend: Intraday bearish trend intact, with consolidation near key support levels.
Indicators:
MACD turning slightly neutral.
Stochastic oversold (28.47), indicating potential for minor correction.
Revised Trade Plan for EUR/USD (H1)
Trade Setup 1: Bearish Continuation After Pullback
Rationale:
EUR/USD remains in a bearish trend, and any pullback toward 1.0530–1.0540 provides an optimal sell opportunity.
Trade Details:
Entry Price: 1.0525–1.0530 (on a retracement to resistance).
Stop-Loss: 1.0555 (above the intraday resistance).
Take-Profit Levels:
TP1: 1.0495 (current support).
TP2: 1.0450 (next key support).
Risk/Reward Ratio: ~1:2.
Trade Setup 2: Aggressive Breakout Short
Rationale:
A clean break below 1.0495 would confirm bearish continuation, targeting lower levels.
Trade Details:
Entry Price: 1.0490 (on a confirmed breakout).
Stop-Loss: 1.0515 (above the breakout level).
Take-Profit Levels:
TP1: 1.0470.
TP2: 1.0450.
Risk/Reward Ratio: ~1:2.
Trade Setup 3: Intraday Scalping on Reversal
Rationale:
If price breaks above 1.0535, it may trigger short-term buy momentum, targeting a retracement to the next resistance.
Trade Details:
Entry Price: 1.0540.
Stop-Loss: 1.0525.
Take-Profit Levels:
TP1: 1.0555.
TP2: 1.0570.
Risk/Reward Ratio: ~1:1.5.
Key Considerations
News Impact:
Watch for the 13:30 GMT US inflation data release, which could spike volatility. Avoid placing trades right before the release.
Correlated Instruments:
DXY: A rise above 106.75 may further pressure EUR/USD.
Treasury Yields: A spike in yields could add USD strength.
Is EurUsd's correction over?In my previous posts about EUR/USD, I discussed the potential for an upside correction following the break below the 1.05 support level, the drop to 1.0330, and the subsequent reversal. I suggested that this upward movement could potentially push the price toward the 1.0670 resistance zone.
Indeed, the pair did rise, reaching an intraday high of 1.0628 during Friday's NFP event. However, the day ended with a downside move, leaving a red candle with a long wick on the daily chart.
The medium-term trend for EUR/USD remains bearish. This, combined with the overlapping structure from the recent low, clearly indicates that we are not witnessing the start of a bullish trend but rather a corrective phase.
The key question now is whether this correction has concluded. To confirm, we would need to see a break back below the 1.05 level.
With this in mind, if the pair revisits Friday's high, I plan to sell, placing a stop loss above 1.07 and targeting the 1.0450 support level.
#EurusdAbove this critical EUR/USD level, the probability of a bullish breakout significantly increases. However, markets can be unpredictable, and external factors can always influence price movements. While the technical indicators may align in favor of a long position, it's essential to conduct thorough analysis and manage your trades wisely. Proceed with caution, and remember that every trade carries inherent risks—trade responsibly!
EURUSD Long#EURUSD (1 day)
Euro/Dollar formed the "Reversal Head shoulder " pattern, we will consider Long when breaking through resistance and consolidating above it, target 1.0800! Cancel and break below 1.0400
The author's opinion may not coincide with yours! Remember this and take this into account in your trading transactions before making a trading decision.
Your reactions are your support for my work
EUR/USD: Are We Crashing Through Parity?Well, well, well, EUR/USD, you sly dog. Just when we thought the pair might catch a break, it doubles down on its favorite hobby—going DOWN. 📉 Since late September, this thing has been in a nosedive so steep it makes roller coasters look tame. 🎢
And now? It’s giving us not one but TWO glorious bearish flags. That’s the market’s way of saying, “Hold my beer, I’ve got more downside to cover.” 🍺 So, buckle up as we break down what’s happening with EUR/USD, why it’s acting like a currency in free fall, and just how low it might go. Spoiler alert: Parity might not be far enough. 😏
The Downtrend Diaries: EUR/USD’s Love Affair with Lows
Okay, let’s rewind to late September. What happened? Oh, just EUR/USD deciding it was time to swap its bull costume for a full-blown bear suit. 🐻 We’re talking lower highs, lower lows, and every technical analyst’s favorite phrase: "the trend is your friend" (until it’s not, of course).
This week? The pair is snuggled nicely inside its second bearish flag, like a bear hibernating before its next big move. For those of you wondering, a bearish flag is when the market pauses, catches its breath, and says, “Alright, time to drop some more.” And let me tell you, these flags aren’t subtle. They’re practically screaming, “Hey, the trend’s still bearish—don’t get any ideas!”
Why So Bearish? Let’s Blame the Usual Suspects
The Almighty Dollar Flexing Again 💪
The USD is out here reminding everyone why it’s called the safe-haven king. Interest rates? Still high. Risk-off sentiment? Very much alive. Meanwhile, the euro’s like that one kid who forgot to study for the test—it’s just not prepared to fight back. 🤷♂️
Eurozone: Where’s the Mojo?
Between slowing growth, sticky inflation, and the French government imploding (because why not?), the euro is struggling to convince anyone it’s worth a rally. Even the promise of €500 billion in defense spending couldn’t lift its spirits for long. If fiscal spending can’t save the day, what can?
Bearish Flags Don’t Lie 🚩
These flags are the cherry on top of the downtrend sundae. First, we had one around 1.0650, which broke lower like clockwork. Now we’re staring down another flag that’s coiled tighter than my jeans after Thanksgiving dinner. Once this breaks, well... let’s just say the floor is looking mighty inviting.
How Low Can It Go? Let’s Talk Targets 🔭
Now, if this flag plays out like the textbook says, EUR/USD could easily revisit 1.0450. And if that level doesn’t hold? Get ready to dust off those parity memes. Yes, I’m talking 1.0000, the big, scary, psychological level where everyone suddenly remembers how to panic. 😱
But hey, let’s not stop there. The lower boundary of the larger downtrend is lurking below 0.9900, and if the bears get really hungry, that’s where they’ll feast. 🍴
The Sarcastic Silver Lining: What Would It Take to Flip Bullish?
Oh, you want bullish scenarios? That’s cute. 😏 Here’s what would need to happen:
The euro suddenly gets a personality transplant and decides it’s worth something.
The USD forgets it’s the global reserve currency and takes a nap.
A miracle. Like, divine intervention-level miracle.
But seriously, unless EUR/USD breaks above 1.0600 with conviction (and by conviction, I mean a rally that doesn’t immediately fall apart), the bears are still in charge.
Final Thoughts: Trade Smart or Get Wrecked 💀
Look, the writing’s on the wall. EUR/USD is in a downtrend, the flags are flapping, and the bears are sharpening their claws. This isn’t the time to play hero and try to catch a bottom. Instead, let the trend do its thing, wait for the flag to break, and ride the wave lower. 🌊
And hey, if it does hit parity, at least we’ll have something to talk about at the next market meltdown party. 🎉 Until then, keep those stop-losses tight, and don’t forget: the trend might be your friend, but it’s also got a dark sense of humor.
Catch you next time, traders. George out. 🎤
#EURUSD 4HEURUSD 4-Hour Analysis
The EURUSD pair is forming a head and shoulders pattern on the 4-hour chart, which is typically a bearish reversal signal. However, in this case, the price action suggests a potential invalidation of the pattern, favoring a bullish breakout scenario. If the neckline resistance is broken, it could provide a buy opportunity.
Technical Outlook:
Pattern: Head and Shoulders (Potential Breakout)
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Enter a buy position upon a confirmed breakout above the neckline resistance with strong bullish momentum.
Traders should monitor for bullish confirmation such as a breakout candlestick with increased volume or indicators like MACD signaling upward momentum. Proper risk management is crucial, with stop-loss orders placed below the neckline and profit targets set at the next resistance levels.
EURUSD BUY PositionThe EURUSD has formed a pattern, and based on that, along with the support marked by the yellow line, a price reversal in three stages is expected up to 1.10850. Good Luck
Based on the previous analysis of GBPUSD published in earlier posts, these two currency pairs are directly correlated, meaning the rise of one leads to the rise of the other.
EUR/USD Short term short to long idea pending...This week, my focus for EUR/USD is on the supply zone near 1.05800. I anticipate a reaction from this level, making it a key area for potential sells at the start of the week. Following this initial move, I expect a bullish rally to develop midweek.
If the price drops to 1.05200, aligning with my 11-hour demand zone, I’ll shift my focus to potential buys. After receiving valid lower-timeframe confirmations, I plan to target the nearest liquidity pool to the upside as the price resumes its bullish trend.
Confluences for EUR/USD Sells:
Shift in Market Character: Price has shown signs of a downside reversal, suggesting a potential sell-off.
Unmitigated Supply Zone: A clean 2-hour supply zone remains untapped.
Liquidity Below: There’s significant liquidity to the downside that price may target.
Trend Recalibration: Despite the overall bullish trend, a pullback is necessary for continuation.
Note: If the supply zone at 1.05800 fails to hold, it will further confirm bullish momentum. In this case, I’ll wait for a nearby demand zone to form, providing an opportunity to capitalize on the move to the upside. Patience will be key in this scenario.
The #1 Explaination Of What Short Selling IsYesterday was more like a movie as
I began to reflect on the days when I did
not understand capital markets
-
The time I would have given up on myself
and not known the power of understanding how
to trade the capital markets.
Sadly the capital markets are very
hard to understand but with a lot
of patience, you will know them
Today I want to show you how
to short sell.
And to show you that
You don't need to fear short-selling
its just that I prefer to accumulate
not distribute
If you are a beginner you may not
understand this
but as a trader, you have to choose
One side...think of short sellers
like the away team, and long buyers
as the home team
In order to play the capital markets you
have to choose your team
and stick to it
Because this will
give you a better understanding of the
capital markets
Now look at this price action
the price is overbought
meaning there are a lot
Of sellers, because the stock
of the product is too much
hence they have to sell at
a discount price.
Because of this, the buyer is forced
to buy insurance on his losses
to cover the cost of inventory
does this make sense?
You are selling insurance to the buyer
so that he can cover his cost
to buy more inventory
inventory is an expense
so the buyer is not making a
cash profit on this trade
instead, he is making a loss
with the plan to sell the inventory
at a higher price in the future
to cover this loss.You on the other
hand as a short seller
you are making cash profit
Because your insurance contract
price has increased
Look again at this chart CAPITALCOM:EURUSD
the price on the stochastic
RSI is overbought
That means the buyer has to
much inventory
and he needs to
insure it against damage.
Your role as a short seller
is to sell him insurance.
Explaining short selling
can be a challenge but to cut the
long story "short"
You are selling insurance on the inventory
that the buyer holds.
If you short-sell this Forex pair
remember
to not use more
than x5 margin and take at least 20%
profit.
Also note that this week
is the unemployment rate FRED:UNRATE
will be announced in the news on friday
Which in my opinion is a huge catalyst
for this currency pair CAPITALCOM:EURUSD
Trade safe
full disclosure am not participating
in this trade.
Also this chart reminds me
of the rocket booster strategy
from the short side:
1.Price has to be below the 50 SMA
2.Price has to be below the 200 SMA
3.Price should gap down.
check out the references below
to learn more about this strategy
about the rocket booster
strategy
Rocket boost this content
to learn more
Disclaimer: Trading is risky
please learn risk management
and profit-taking strategies.
Also feel free to use a simulation
trading account before
you trade with real money.
EURUSD Will be in bearish direction
Hello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD Will be in bearish directionHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD Will be in bearish directionHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Bullish Catalysts for EUR/USDTechnical Analysis
Monthly Chart:
The weakening of the U.S. Dollar (DXY) creates a favorable environment for bullish movements in EUR/USD. On the monthly chart, the euro is positioned near a significant support zone that aligns with a strong buying area. With the dollar's liquidity grab above 107.348 signaling further downside potential, EUR/USD is well-positioned for upward momentum.
Daily Chart:
The daily chart confirms a strong bullish structure, with higher highs and higher lows indicating sustained upward pressure. The recent weakness in the DXY aligns with this bullish trend, reinforcing the potential for continued euro strength. This week's price action suggests buyers remain firmly in control, and the technical setup supports a move toward higher targets.
Fundamental Analysis
Impact of the U.S. Dollar Weakness:
The euro stands to benefit significantly from the current bearish outlook on the DXY. With the Federal Reserve showing hesitancy toward further rate cuts due to inflation concerns and strong labor market conditions, short-term volatility is likely. However, any signs of labor market weakening or inflation stability could lead to aggressive rate cuts, further weakening the dollar and supporting EUR/USD upside.
Key Catalysts:
This upcoming week, Nonfarm Payrolls (NFP) and unemployment rate data are expected to provide critical directional cues:
Expected Increase in Unemployment: If the unemployment rate increases as forecasted, this would add downward pressure on the DXY, fueling strong upside potential for EUR/USD.
Nonfarm Payroll Volatility: Regardless of the outcome, NFP data typically injects significant volatility into the market. Even in scenarios where unemployment data does not meet expectations, the euro could still reach key targets due to the strong technical bullish structure and high demand at monthly zones.
Summary and Outlook
Technical and Fundamental Alignment:
EUR/USD is in a prime position for further upside given:
The bearish outlook on the DXY, signaling continued weakness in the U.S. Dollar.
The bullish structure on the EUR/USD daily chart, which supports continued buying pressure.
Key catalysts this week, including unemployment and NFP data, which are likely to favor euro strength under expected scenarios.
Key Factors to Monitor:
The actual results of unemployment and payroll data.
Fed commentary and market sentiment on potential rate adjustments.
Any unexpected geopolitical or macroeconomic developments affecting the eurozone or the U.S.
Price Expectations:
Short-Term Target: The bullish structure supports a move toward a significant monthly resistance zone where strong buy-side liquidity resides.
Medium-to-Long-Term Target: If dollar weakness persists and unemployment increases, EUR/USD could see a strong bullish move extending beyond this resistance, possibly forming new highs.
With the DXY weakening and structural alignment in favor of the euro, buying EUR/USD remains a favorable strategy this week, supported by both technical and fundamental factors.
EurUsd- Buy under 1.05
In last week's analysis, I mentioned that EUR/USD could reverse to the upside, with the 1.0330 zone likely marking a short-term bottom.
As anticipated, the pair has climbed back above the 1.05 support level, indicating a false breakout. I still expect this correction to extend further, with the pair potentially reaching the 1.0670 resistance level.
In conclusion, any dips below 1.05 should be seen as buying opportunities, targeting the aforementioned resistance level.